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U.S. cash pork prices, meanwhile, jumped by more than $3/cwt at midday on Monday (all figures US$).

“Both of those things gave us bounces, but none of it was sustained,” Roose said.

The most-active February hog futures contract fell 0.675 cent to 63.825 cents/lb. The contact failed to break through chart resistance at its 50-day moving average, but held support at its 100- and 200-day averages.

Live cattle futures also slumped in a profit-taking setback after hitting a 1-1/2-month high last week and as cash feedlot cattle prices late last week were below some traders’ expectations.

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